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Meta Ordered to Pay $567 Million Fine by New Mexico Judge The New York TimesMeta Hit With $567 Million Judgment in New Mexico Child Safety Case TheWrapCourt orders Instagram and Facebook's Meta to pay $567M to address kids' mental health online AP NewsMeta ordered to pay $567 million into abatement fund as remedy to child harms case in New Mexico CNBC
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The wide-ranging Taxpayer Assistance and Service Act includes a requirement for a new IRS office to educate businesses about child care tax breaks.
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Young families are striving to do better but struggling with costs of living, including expensive childcare.
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Lower Oil Prices Lend Support For The Gold Rally Crude Oil Prices Today | OilPrice.comGold Steady as Traders Assess Impact of Hormuz Flare-Up on Rates BloombergGold price hits highest level since June on weak payrolls data and Hormuz deal hopes CNBCGold heads for best week since January; US jobs data in focus Reute
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 Facebook users in the U.S. have until Friday to apply for their share of a $725 million privacy settlement that parent company Meta agreed to pay last year.
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Too many young professionals are leaving Uncle Sam an enormous tax gratuity. How are they doing this? By not taking full advantage of the triple tax benefits of a health savings account. I've yet to meet anyone who wants to pay more taxes. Many do not mind paying their fair share, but they do not want to leave a tip.
SEE MORE ‘I Can't Retire - I Need Health Insurance'
An early to mid-career professional with a high-deductible health plan (HDHP) could be missing out on six figures of lifetime tax savings. With open enrollment for health insurance around the corner, it's time to understand and utilize the benefits of your HSA.
What Qualifies as a High-Deductible Plan?
For 2023 a high-deductible health plan is defined by the IRS as one with a deductible not less than $1,500 for self-only coverage or $3,000 for family coverage, and for which the annual out-of-pocket expenses do not exceed $7,500 for self-only coverage or $15,000 for family coverage. Healthy young professionals are prime candidates for an HDHP. That is because many of them need minimal medical care; they visit the doctor annually and have no or few drug prescriptions.
Because their medical expenses are low, money contributed to a health savings account can be used to generate significant tax savings while also building a large health care nest egg.
What Are the Triple Tax Benefits of HSAs?
Contributing to a health savings account provides a triple tax benefit:
First, anyone who
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Assets in these model-portfolio investment kits surpassed $4 trillion to reach a new high; investors wondered how U.S. companies will use their large cash piles, and buy now, pay later payment stocks got a boost from retailer adoption of the digital services.
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